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$1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan — DailyCoin

If you ever thought that dwelling over a 100 years may solely be doable just for future generations, you may be mistaken. Technology and AI are advancing quickly, and with the assistance of blockchain, longevity achievements may be not far forward. 

The Longevity Science Foundation, primarily based in Switzerland, launched a $1 billion fund over the span of ten years for analysis and initiatives to advance human longevity and lengthen lifespan to 120+ years. 

The non-profit group goals to make longevity medication out there for everybody and can concentrate on 4 essential analysis areas: therapeutics, predictive diagnostics, personalised medication, and synthetic intelligence. The basis plans to fund the event of medical know-how, which broadly contains blockchain.

Blockchain within the Medical Industry

Healthcare information is immense and creates challenges in centralization and safety. On common, a hospital produces 760 terabytes of knowledge yearly. However, 80% of the information lacks construction and is inaccessible to researchers, in accordance to an article by Garri Zmudze from Longevity Science Foundation. 

The want for safety and reoccurring consent of the information utilization prevents progress for medical analysis. With the assistance of blockchain and AI, affected person consent may be simply obtained, information may be unlocked for evaluation, and its utilization may be clear.

“Without blockchain, artificial intelligence lacks the ethically sourced and protected biomedical data it needs to find new solutions. Without artificial intelligence, the vast amounts of data protected by blockchain remain secure but unusable for research,” 

the article says. 

Blockchain Technology and Longevity Research

VitaDAO is a decentralized collective that funds longevity analysis. The web3-based group aspires to “create a world where longevity therapeutics are collectively funded, owned and governed by the population that will benefit from them.”

VitaDAO’s ecosystem has an open structure–everybody who owns VITA tokens can entry it. To get the tokens, you want to contribute work, funds, or different sources to VitaDAO. In addition, “its collective membership, rather than a CEO or a handful of grant reviewers, will decide by vote how to deploy its funding, manage its IP, and share/publish its data.”

The group already held a token public sale on a crypto platform to obtain funding for longevity researchers and raised $5.1 million (400% greater than anticipated). 

How Can Blockchain Help to Advance Longevity?

According to biochemist and researcher Eleanor Sheekey, there are two essential methods by which blockchain might help to advance longevity. The first is via the funding of longevity initiatives resembling via the not too long ago launched VitaDAO. This not solely raises vital funding for analysis initiatives but in addition aids within the commercialisation of medicine if they are profitable. 

The second approach is by exploiting a number of the options of blockchain know-how resembling safety and storage of knowledge, which is most related to the appliance of personalised or precision medication whereby affected person data resembling genetics, blood profile information, microbiome assessments, epigenetic methylation, and sleep information might be transacted and analysed with out threat of the affected person information stepping into the “wrong hands” and being exploited.

“I think it is hard to tell for now what the potential of blockchain in medical research might be, but I don't foresee a future whereby blockchain technology is not a part of medical research,” 

Sheekey instructed DailyCoin throughout an e mail interview. 

Funding longevity initiatives via blockchain know-how may be probably the greatest methods to be a part of the analysis course of. Blockchain provides many advantages to the medical business, however poses some technical challenges.

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